AP - The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years, the agency's inspector general says.
AP - Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar. Energy and material stocks logged some of the biggest losses as a jump in the dollar sent commodity prices tumbling. Meanwhile, an analyst's downgrade of the chip industry pulled technology shares sharply lower.
Reuters - Chip stocks fell on Thursday after Bank of America Merrill Lynch downgraded the sector on a possible inventory correction, although two of Europe's top chipmakers were upbeat about recovery prospects.
AFP - The FTSE 100 slipped on Thursday amid renewed concern about the strength of recovery from the worst global economic crisis in decades after some mixed data and forecasts.
AFP - The number of billionaires in India almost doubled in the past 12 months to 52, mainly thanks to a recovery in global stock markets, a richlist from US magazine Forbes showed Thursday.
Reuters - Semiconductor stocks fell sharply after BofA Merrill Lynch turned bearish on the industry and downgraded several chipmakers, including Intel Corp , citing a modest rise in inventories.
Reuters - Toronto's main stock index dropped more than 1 percent on Thursday, dragged down by Manulife Financial as investors reacted to a major stock offering by the insurer.
AFP - Europe's main stock markets retreated on Thursday following losses in Tokyo and overnight on Wall Street, as investors digested mixed economic data and outlooks for the global economy.
AFP - London shares were falling on Thursday following losses in Tokyo and overnight on Wall Street, as investors digested mixed economic data and outlooks for the global economy.
AP - Asian stock markets turned in a mixed performance Thursday as signs of weakness in the U.S. economy aggravated worries about the strength of the global recovery. European markets fell in early trade.
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